Merrill Area School District board approves $2.2 million temporary borrowing; OKs preliminary budget and several contracts

The Merrill Area School District Board of Education on Tuesday approved a resolution authorizing temporary borrowing of up to $2,200,000 to cover short‑term cash‑flow needs and carried motions to adopt a preliminary FY26 budget and to purchase instructional and health services contracts.

Board members approved the borrowing resolution — which authorizes issuance of taxable tax and revenue anticipation promissory notes and participation in a PMA levy and aid anticipation program — on a roll‑call vote after hearing from finance staff that projected cash‑flow needs had fallen from about $2.9 million to roughly $2.2 million. "Move to approve the resolution authorizing temporary borrowing in the amount not to exceed $2,200,000," said John (motion text), who moved the resolution; a roll call recorded members voting "Aye." The motion names Mark Powell as acting fiscal agent for…